Essentials of Economics
Chapter 7
Key Terms:
law of demand
quanitity demaded
law of diminishing marginal utility
real income effect
substitution effect
demand curve
price elasticity of demand
law of supply
You can use these online flashcards to study the key words.
Complete the Internet Quiz Review Assignment.  After completion, write a paragraph on any questions missed.  (Remember, paragraphs have at least four sentences, three of which refer directly to the main idea sentence.)  Turn in the paragraphs with a printed copy of the quiz.
Last Modified on October 5, 2009